On Monday, September 22, 2025, Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited announced a strategic overhaul of their board committees aimed at bolstering governance and risk management frameworks. The bank’s proactive approach highlights its commitment to maintaining an agile and robust leadership structure in today’s dynamic financial landscape.

Risk Committee Reorganization

The newly configured risk committee will be led by Monique Hemerijck, who now assumes the role of chair. The committee’s expanded team includes Stuart Birrell, Christian Hansmeyer, and Andreas Kritiotis. This restructure underscores the bank’s focus on refining risk oversight and ensuring a balanced approach to risk-taking and regulatory compliance.

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Audit Committee Leadership

In a parallel move, Irene Psalti has been appointed as the chair of the audit committee. Joining her are Adrian John Lewis, Lyn Grobler, Monique Hemerijck, and Georgios Syrichas. This revamped team is tasked with enhancing audit processes and reinforcing internal controls, thereby driving stronger financial integrity throughout the organization.

Nominations And Corporate Governance Committee

Takis Arapoglou will now chair the nominations and corporate governance committee, supported by Lyn Grobler, Christian Hansmeyer, and Georgios Syrichas. The committee’s reorganization is expected to elevate the bank’s strategic oversight and governance standards, aligning its practices with industry best practices.

Human Resources And Remuneration Committee

Adrian John Lewis has been designated as the chair of the human resources and remuneration committee, with Stuart Birrell, Irene Psalti, and Andreas Kritiotis completing the team. This restructuring is integral to enhancing the bank’s internal talent management and aligning executive remuneration with performance metrics.

Stability In Technology Governance

The bank confirmed that the composition of the technology committee remains unchanged. Lyn Grobler will continue as chair, with Monique Hemerijck and Adrian John Lewis serving as members. This stability is crucial as the bank continues to prioritize technological innovation and digital transformation initiatives.

The board’s decision, which takes effect on Wednesday, October 1, 2025, reflects a comprehensive effort to strengthen governance frameworks and position the organization for future challenges. With these expert-led committees in place, Bank of Cyprus reaffirms its dedication to effective oversight and strategic evolution in the fast-paced banking sector.